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5634
9,276
Often, several different estimates are prepared for each detailed component, incorporating alternative analyses of changing claim settlement patterns and other influences on losses, from which we select our best estimate for each component, occasionally incorporating additional analyses and actuarial judgment, as descr...
84
10K
PowszechnyZakladUbezpieczenSA-AR_2014
1,136
Every employee benefited from an average of 24 hours of classroom training and 7 hours of e-learning in 2014.
19
annual_report
NatixisSA-AR_2018
12,310
Resolution thirty (Delegation of authority to be granted to the Board of Directors to decide whether to increase share capital through the issue of shares and/or securities providing access to the capital of the Company, reserved for members of employee savings plans with waiving of preferential subscription rights in ...
53
annual_report
NatixisSA-AR_2019
1,946
No subscription or call options were granted or exercised by Natixis employees in fiscal year 2019.
16
annual_report
3473
1,847
The increase in cash provided by investing activities in 2007 compared with 2006 was a result of increased sales of fixed maturities and marketable equity securities. The increase in cash provided by investing activities in 2006 compared with 2005 was a result of increased sales of fixed maturities, marketable equity s...
66
10K
2928
389
Our gross premiums earned increased 16.5% to $63.4 million in 2004 from $54.4 million in 2003. This increase resulted primarily from: (i) the increase in average premiums in force, offset by; (ii) an increase in final audit premiums which increased gross premiums earned by $1.2 million in 2004 compared to a $323,000 in...
55
10K
AvivaPLC-AR_2007
1,457
June – None – Approval of Group Chief Executive Richard Harvey’s retirement terms
13
annual_report
5554
692
Operations. Our primary business is title insurance and settlement-related services. We close transactions and issue title policies on homes, commercial and other real properties located in all 50 states, the District of Columbia and international markets through policy-issuing offices, independent agencies and central...
74
10K
DirectLineInsuranceGroupPLC-AR_2013
2,575
Run-off The segment consists of two principal lines, policies previously written through the personal lines broker channel and Tesco business. These residual businesses are now in run-off.
27
annual_report
NatwestGroupPLC-AR_2018
3,995
Cash and cash equivalents at 31 December (2) 307 245 1,195
11
annual_report
fr_axa-AR_2010
3,618
Management from the University of Scranton. In 1989, he became head of the Private Client Group of The Boston
19
annual_report
DirectLineInsuranceGroupPLC-AR_2017
337
We need to have a strong understanding of the nature and extent of the risks involved in pursuing the Group strategy; and, to enable our strategy’s success, we must manage risk effectively and efficiently.
34
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
2,101
Interest-rate swaps Theoretical price Swap curve Present-value method Money-market interest-rate curve
11
annual_report
2119
496
all covenants. Balances outstanding under the term loan bear interest at prime rate plus 1.0%. As of March 15, 2004, the interest rate was 5.0%.
25
10K
gb_lloyds_banking_grp-AR_2013
4,297
We identified higher risk journal entries in the general ledger and assessed their appropriateness through substantiation to relevant supporting evidence.
20
annual_report
5559
1,811
For a discussion regarding Guaranty Fund and Other Insurance-related Assessments, see Note 11 - Commitments and Contingencies of Notes to Consolidated Financial Statements.
23
10K
Sampoplc-AR_2001
798
Life insurance net investment income amounted to EUR 248 million (525).
11
annual_report
1326
264
Amortization related to operations includes amortization of: (i) the cost of policies produced; (ii) the cost of policies purchased; and (iii) goodwill. We are required to amortize the cost of policies purchased and produced in relationship to the profits earned on universal life, annuity and investment products. The v...
86
10K
NatixisSA-AR_2017
4,665
Hedging of variable-rate borrowings and issues Natixis uses interest rate swaps borrowing at fixed rates to fix future costs of interbank borrowings and public/private issues.
25
annual_report
5858
692
Overall, based on the measurement at December 31, 2020, total benefit credits related to the Company’s defined benefit plans are expected to increase in 2021 by approximately $22 million compared to 2020, reflecting an increase in non-U.S. plans of approximately $31 million, offset by a decrease in U.S. plans of $9 mil...
52
10K
fr_axa-AR_2005
2,207
Net capital gains attributable to shareholders net of income tax 10 7
12
annual_report
LloydsBankingGroupPLC-AR_2012
4,143
The Group has procedures that are designed to ensure auditor independence, including that fees for audit and non-audit services are approved in advance. This approval can be obtained either on an individual engagement basis or, for certain types of non-audit services, particularly those of a recurring nature, through t...
123
annual_report
4051
1,787
•AIGCFG also recorded a goodwill impairment charge of $343 million in 2008.
12
10K
NatwestGroupPLC-AR_2017
5,948
UK RBOS Nominees Ltd FC FC 100 250 Bishopsgate, London, EC2M 4AA, England
13
annual_report
AdmiralGroupPLC-AR_2017
745
We take a materiality approach to our corporate social responsibility reporting, where we identify the areas that have the most impact on our stakeholders. This allows us to report effectively on the topics that matter most.
36
annual_report
531
358
Pre-tax Profit margins declined slightly each year from 45% in 1994 to 43% in 1995 and to 40% in 1996. These decreases reflect the lower profit margin nature of two companies acquired in 1996, Professional Underwriters Corp. ("PUC") and The Hemisphere Group Limited ("Hemisphere"), decreasing premium rates, along with i...
74
10K
ScorSE-AR_2016
2,090
●● Maximum underwriting capacities are established to limit SCOR Global Life’s exposure on various types of treaties underwritten, proportional and non-proportional, covering individual or Group policies. These capacities are reviewed each year, taking into account the capacities obtained by the retrocession coverage. ...
177
annual_report
NatixisSA-AR_2012
3,430
2012 net revenues came out at €6.7 million versus -€20.1 million for 2011. Year-on-year, capital gains from disposals and unrealized capital gains picked up by 3.2%. The net charge to provisions for 2012 was €4.9 million versus €34 million in 2011.
41
annual_report
DirectLineInsuranceGroupPLC-AR_2018
2,525
Loss ratio 60.9% 57.4% Commission ratio 2.5% 9.1% Expense ratio 28.5% 25.3%
12
annual_report
4361
1,278
• Installment and reinstatement fees - We recognize fee income associated with the issuance of workers’ compensation policies for installment fees, in jurisdictions where it is permitted and approved, and reinstatement fees, which are fees charged to reinstate a policy after it has been cancelled for non-payment, in ju...
55
10K
fr_axa-AR_2013
6,203
(€-157 million), partly offset by the UK (€+117 million) and the Company (€+82 million, driven by change in fair value of derivatives and debt hedging net investments in foreign operations).
30
annual_report
5415
3,552
Designed a homeowners new business offering available in 41 states, Allstate House and Home®, that provides options of coverage for roof damage, including graduated coverage and pricing based on roof type and age.
33
10K
4779
1,838
We participate in a securities lending program in the normal course of business for the purpose of enhancing the total return on our investment portfolio. Periodically we receive non-cash collateral for securities lending from counterparties on deposit from customers, which cannot be sold or repledged, and which has no...
127
10K
5866
1,364
loss of $549 million and $110 million is included in income (loss) from discontinued operations for the years ended December 31, 2020 and 2019, respectively, associated with the case and settlement agreement. We have established our current best estimates for future claims that are still being processed under the settl...
123
10K
2695
1,719
Also, in our opinion, management’s assessment, included in Management’s Annual Report on Internal Control Over Financial Reporting, listed in the accompanying index, that the Company maintained effective internal control over financial reporting as of December 31, 2004 based on criteria established in Internal Control-...
193
10K
5936
738
•Net claim cash outflow policies represent contracts where the PV of expected cash outflows are greater than the PV of expected recovery cash inflows. For such policies, a “Loss and loss expense reserves” liability is recorded for the excess of the PV of expected net claim cash outflows over the unearned premium revenu...
53
10K
HelvetiaHoldingAG-AR_2008
1,129
Actuarial methods derived from many years of claims experience that take account of uncertainties associated with claims estimates are applied to determine the required loss reserves. These reserve loadings are reviewed periodically. Based on actual claims experience, the reserve loadings were reduced in 2008. The resu...
87
annual_report
100
339
Federal, foreign, state and local income tax payments, net of refunds, amounted to approximately $194,947,000, $10,263,000 and $355,853,000 for the years ended December 31, 1994, 1993 and 1992, respectively. The Tax Reform Act of 1986 enacted a new separate parallel tax system referred to as the Alternative Minimum Tax...
485
10K
SwissLifeHoldingAG-AR_2007
704
Information policy Swiss Life communicates actively and openly both within and outside the company. Investor Relations and Public Relations provide up-to-date reports to private and institutional investors, financial analysts, journalists and the public.
33
annual_report
4524
1,020
Increasing sales of short-term, limited medical and supplemental health products, such as dental, hospital indemnity and critical illness and international products to offset the reduction in major medical premiums in 2014;
31
10K
INGGroepNV-AR_2017
2,549
Loans to, or guaranteed by, public authorities 3 7 3 7
11
annual_report
fr_axa-AR_2011
5,763
(m) To be looked in conjunction with “Disposal of subsidiaries and affi liated companies, net of cash ceded” for the AXA APH transaction (see Note 13.1.1).
26
annual_report
de_allianz-AR_2004
1,095
7) Includes realized gains of ¤743 mn from sales of Crédit Lyonnais shares in 2003. 8) Represents ratio of net acquisition costs and administrative expenses to net premiums earned
29
annual_report
1996
1,615
The following table presents our contractual cash flow commitments on short-term and long-term debt, equity security units and operating leases as of December 31, 2002. See Notes 12, 13 and 22 to the Consolidated Financial Statements for additional information on our short-term and long-term debt, equity security units...
66
10K
2391
1,905
As of December 31, 2004, securities issued by finance and insurance, utilities and energy and consumer-non cyclical industry groups represented approximately 29%, 20% and 12% of our domestic and foreign corporate fixed maturities portfolio, respectively. No other industry group comprises more than 10% of our investment...
73
10K
5775
900
Gains and losses resulting from foreign currency transactions (transactions denominated in a currency other than the entity's functional currency) are reported on the statements of income as other operating costs and expenses. Unrealized gains or losses resulting from translating the results of non-U.S. dollar denomina...
92
10K
5254
875
Severe weather events over the last two decades have underscored the unpredictability of future climate trends and created uncertainty regarding insurers' exposures to financial loss as a result of catastrophes and other weather-related events. For example, hurricane and storm surge activity have impacted areas further...
144
10K
TopdanmarkAS-AR_2011
347
Topdanmark pays or receives cash security for any changes in value. The extent of these daily changes is limited such that there is no challenge to liquidity.
27
annual_report
ASRNederlandNV-AR_2019
1,527
The median is fixed with a conversion factor of 0.5 from variable to fixed salary for the companies in the peer group with a variable remuneration component.
27
annual_report
3425
2,568
CNA has established reserves for its estimated exposure under the IGI Program, other than that derived from John Hancock, and an estimate for recoverables from retrocessionaires. CNA has not established any reserve for any
34
10K
5892
599
On May 2, 2019, the Oversight Board and the Official Committee of Unsecured Creditors of all Title III Debtors (other than COFINA) (the “Committee”) filed lien avoidance adversary complaints against several hundred defendants, including National, challenging the existence, extent, and enforceability of GO bondholders’ ...
107
10K
Sampoplc-AR_1999
1,411
A total of 374 obligatory environmental damage insurance policies was written m 1999, premiums for whi h amounted to EUR 1.7 million. These poli ies are designed to cover damage caused by unkn wn or inlvent parti ' . A lo s of profits policy wa de­ vel ped to ver bu ine interruption to manufa curing perarions, du ro a ...
102
annual_report
5494
1,606
Under NYIL, MBIA Insurance Corporation is also required to establish a contingency reserve to provide protection to policyholders in the event of extreme losses in adverse economic events. The amount of the reserve is based on the percentage of principal insured or premiums earned, depending on the type of obligation (...
179
10K
fr_axa-AR_2019
8,080
The annual expense for employee pension and other benefits recorded in the income statement (included in Note 26.1.), for the years ended December 31, 2019 and 2018 is presented below: Pension benefits Other benefits Total
35
annual_report
gb_prudential-AR_2017
44
www.prudential.co.uk Annual Report 2017 Prudential plc 03 01 G roup overview 02 Strategic report 03 G
16
annual_report
5056
2,262
Excluding the non-core ELNY guaranty fund assessments charge in 2013, annuity other expenses were $96 million in 2015, $82 million in 2014 and $93 million in 2013, representing an increase of $14 million (17%) in 2015 compared to 2014 and a decrease of $11 million (12%) in 2014 compared to 2013. Annuity other expenses ...
164
10K
nl_ing_grp-AR_2014
4,671
Economic Capital Model disclosure This model disclosure section explains the methodologies and models used to determine economic capital (EC). The risk models for the EC calculations are reviewed on a periodic basis and validated by the internal Model Validation department. The Economic Capital calculation is also used...
76
annual_report
5175
913
The above described scenarios produce estimated changes in cash flows as well as cash flow reinvestment projections. Estimated cash flows in the Company's model assume cash flow reinvestments, which are representative of the Company's current investment strategy. Calls and prepayments include scheduled maturities and t...
124
10K
SwissReAG-AR_2013
301
Second World War and enables prisoners of war throughout the world to receive Red Cross supplies.
16
annual_report
RaiffeisenBankInternationalAG-AR_2015
1,247
Moreover, protection against the risk of occupational disability exists which is covered by a pension fund and/or by individual pension agreements secured through reinsurance. The contracts of the members of the Management Board run for the functional duration or are limited to a maximum of five years. Severance paymen...
69
annual_report
3064
885
Under Louisiana and Texas law, as applicable, each of American Interstate, Silver Oak Casualty and American Interstate of Texas is required to invest only in securities that are either interest-bearing or eligible for dividends, and must limit its investment in the securities of any single issuer to five percent of the...
66
10K
2025
666
Sale of Subsidiaries and Property and Casualty Segment Business and Related Guarantees
12
10K
RaiffeisenBankInternationalAG-AR_2014
3,583
Albania Raiffeisen Leasing Sh.a. “European Trade Center” Bulevardi “Bajram Curri” Tirana www.raiffeisen-leasing.al
12
annual_report
SwissLifeHoldingAG-AR_2005
1,277
Compliance with external constraints Aspects other than the purely economic view must also be considered in the ALM process, such as regulatory requirements including statutory minimum distribution ratios (“legal quote”), funding ratios, solvency, local accounting rules and international financial reporting standards, ...
70
annual_report
4215
547
The following discussion is intended to provide information that the Company believes is relevant to an assessment and understanding of the Company’s consolidated financial position, results of operations and cash flows and should be read in conjunction with the Consolidated Financial Statements and Notes contained her...
95
10K
SwissReAG-AR_1993
101
Management Services Economic Studies, Information, Organization; Public Affairs, Public Relations, Translation and Terminology
13
annual_report
AegonNV-AR_2011
3,737
Where quoted market prices are not available, other valuation techniques, such as option pricing or stochastic modeling, are applied. The valuation techniques incorporate all factors that a typical market participant would consider and are based on observable market data when available. Models are validated before they...
61
annual_report
2999
575
As of December 31, 2006, we leased office and storage space as follows:
13
10K
5616
1,801
The tables below present account values by range of current minimum guaranteed interest rates and current crediting rates for our universal life and deferred fixed annuity products as of December 31, 2018 and 2017:
34
10K
HiscoxLtd-AR_2008
845
Effect on profit Effect on profit Effect on equity before tax Effect on equity before tax excluding the excluding the including the including the impact of impact of impact of impact of US Dollar US Dollar US Dollar US Dollar derivative derivative derivative derivative contracts contracts contracts contracts
48
annual_report
HiscoxLtd-AR_2008
1,149
Reinsurers’ share of deferred acquisition costs 18 4,994 5,639 Accruals and deferred income 58,050 64,657
15
annual_report
fr_axa-AR_2009
10,816
The Supervisory Board believes that the proposed structure would optimize the Group’s governance processes and be in the best interests of AXA and its shareholders for the following reasons: An effi cient and reactive governance structure
36
annual_report
SwissReAG-AR_2009
1,045
Jakob Baer was elected to Swiss Re’s Board of Directors in May 2005. He also serves on the Boards of Directors of Adecco S. A., Rieter Holding AG, Allreal Holding AG, Stäubli Holding AG and two small-sized companies.
38
annual_report
3908
1,782
On December 5, 2006, the Company and certain operating subsidiaries (“Ceding Insurers”) entered into a securities issuance agreement (the “Securities Issuance Agreement”), and certain of its foreign insurance and reinsurance subsidiaries (“Ceding Insurers”) entered into an excess of loss reinsurance agreement (the “Rei...
74
10K
AvivaPLC-AR_2003
272
We are developing our leading position in the UK fixed income market, and our European equities team continues to deliver strong performance. We invested more than £13 billion in UK property, and have developed a number of market-leading partnership arrangements that offer investors access to specialist property sector...
48
annual_report
1849
1,131
2001 to 2000 Annual Comparison. Adjusted operating income decreased $111 million, or 20%, in 2001 from 2000. The decrease in adjusted operating income reflected $144 million of reserves established in 2001 for death and other benefits due with respect to policies for which we have not received a death claim but where d...
285
10K
fr_axa-AR_1999
3,978
■ For traditional life insurance contracts (i.e., those with significant mortality risk), the liability for future policy benefits is calculated in accordance with the applicable regulatory and accounting rules on the basis of actuarial assumptions as to investment yields, mortality, morbidity and expenses. In general,...
47
annual_report
StorebrandASA-AR_2006
633
Shareholders Storebrand ASA is the seventh largest company listed on the OSE by number of shareholders. The company has shareholders from almost all the municipalities in Norway and from 41 countries. In terms of market capitalisation, Storebrand was the 15th largest company listed on the OSE at the close of 2006.
51
annual_report
4531
1,194
Net investment impairment losses recognized in earnings decreased by $765,000 as we recognized no impairment losses on other-than-temporary impairments in 2011 as compared to one impairment loss recorded in 2010 on one security. The impairment charges in 2010 resulted from other than temporary reductions in the fair va...
68
10K
3727
786
Level 2-Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and vola...
57
10K
3400
1,357
Using the information available as of December 31, 2007, the Company believes that in the next 12 months, there are no positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease. In general, the Company is no longer subject to U.S. federal, ...
68
10K
NatwestGroupPLC-AR_2009
1,846
Risk appetite continues to be actively managed across all unsecured products, reflecting the challenging economic environment. Support continues for customers in financial difficulties through breathing space initiatives on all unsecured products, whereby a thirty day period allows customers to work with a not-for-prof...
96
annual_report
2192
758
A summary of property and equipment used in the business at December 31, 2003 and 2002 is as follows (in thousands):
21
10K
gb_lloyds_banking_grp-AR_2013
624
We focus on doing the best we can for all our customers, in branches, on the phone and via digital channels and living up to our values of putting customers first, keeping it simple and making a difference together.
39
annual_report
INGGroepNV-AR_2020
6,629
As at 31 December 2020 an amount of EUR 42,270 million (2019: EUR 40,917 million) is expected to be settled after more than one year from the balance sheet date.
30
annual_report
2319
255
Policy acquisition costs of $2,446,978 were expensed in 2003 compared to $1,983,400 in 2002, an increase of 23.4%. Policy acquisition costs, which are primarily ceding commissions paid to the ceding insurer, are established as a percentage of premiums written; therefore, any increase or decrease in premiums written wil...
101
10K
5332
684
We use operating gain to evaluate the performance of our reportable segments, which are Commercial and Specialty Business; Government Business; and Other. Operating gain is calculated as total operating revenue less benefit expense and selling, general and administrative expense. It does not include net investment inco...
94
10K
ASRNederlandNV-AR_2016
2,933
Financial Statements 2016 | 5.5 Notes to the consolidated balance sheet 182
12
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
1,480
In 2019 the issuer (PZU) generated a technical result of PLN 1,405 million versus PLN 1,539 million in the preceding year, signifying a decline of 8.7% year on year. The net profit was PLN 2,651 million compared to PLN 2,712 million in 2018 (down 2.2%). Without taking into account the dividends received from PZU Życie,...
69
annual_report
AssicurazioniGeneraliSpA-AR_2018
163
Generali Worldwide will continue to act as the partner of the employee benefits network of Generali and the latter will manage its health portfolio in the Caribbean, as to maintain its presence in the region with the aim to further reinforce it in line with its strategy of sustainable growth and excellence in service.
54
annual_report
4978
830
Net income was $5,328,000 in 2014 compared to $2,012,000 in 2013. The increase in net income of $3,317,000, or 164.9%, was due to the circumstances described above that caused the increase in our net premiums earned, provisional ceding commissions, and net investment income, and decrease in our net loss ratio, partiall...
69
10K
1314
468
Under the Incentive Plan, the options granted vest ratably in five annual installments over 5 years from the grant date, except for 85,218 options granted in 1997 which vest ratably in three annual installments over 3 years from the date of grant. The options can be exercised over a 10-year period, commencing on the ve...
181
10K
AssicurazioniGeneraliSpA-AR_2019
4,269
Generali Health Solutions GmbH 094 EUR 25,000 G 11 100.00 Generali Deutschland AG 100.00 100.00 94.10 Generali Beteiligungs-GmbH
18
annual_report
2889
2,026
Mortgage loans are carried at unpaid principal balances, including unamortized premium or discount. Real estate is carried at depreciated cost and policy loans are carried at unpaid balances. These items are included in “Other investments” in the Consolidated Balance Sheets.
40
10K
NatixisSA-AR_2015
7,480
Impairments on non-performing loans covering risks carried on the asset side of the balance sheet are deduced from the assets in question.
22
annual_report
SwissLifeHoldingAG-AR_2006
305
Since the establishment of Swiss Life Holding on 17 September 2002 with a share capital of CHF 250 000, divided into 5000 registered shares with a par value of CHF 50 each, a number of capital market transactions have been conducted. In a first step, this included the offer presented to the then Swiss Life/Rentenanstal...
116
annual_report
fr_axa-AR_2014
4,444
France offsets its exposure to exchange-rate risk by using foreign exchange forwards in these currencies (notional of €2,764 million versus €1,806 million in 2013).
24
annual_report
NatixisSA-AR_2015
3,804
Net inflows of €33.0 billion underscored the activity’s momentum in Europe in particular.
13
annual_report
HelvetiaHoldingAG-AR_2015
698
7.3 Fees for additional consultancy services CHF 63,501.00. These fees covered legal and tax advisory services.
16
annual_report
gb_prudential-AR_2015
720
Margin on revenues 1,911 1,721 1,708 Expenses: Expected return on shareholder assets 225 215 216
15
annual_report